Currency Reservations of NAM Members, $500B More than US, Europe

(Ahlul Bayt News Agency) - Currency and gold reservations of countries are two of the most important economic supplies that show a countries’ economic power. Countries count on gold and currency supplies as the backbone of economy, although it is considered less likely these days; NAM news agency reported.In an analysis of international statistics of gold and currency reservation, we would realize that Asian countries own most of the currency reservations of the world; with china as the top, owning 3236 billion dollar worth reservation of gold and currency.NAM summit is being held in Tehran in a time when we made a comparison, on the basis of currency supplies, between currency and gold reservations of NAM members with US and Europe in order to evaluate their economic powers.NAM member states’ gold and currency supplies are worth more than 2850 billion dollars, comprising more than 25 percent of world’s currency supply. If we do not take china’s 3236 billion dollar worth currency supplies into account, the currency supply of NAM members comprise more than 35 percent of world’s reservations.Currency supply of US and Europe is worth about 2350 billion dollars which is 500 billion dollars less than that of NAM members.Based on this report, the currency reservations of European union and America is worth 1800 billion dollars approximately, which is more than a thousand billion dollars less than NAM reservations./129